Crypto Market Outlook: What to Expect Ahead of FOMC and US PCE Inflation Data

The crypto market braced for heightened volatility this week as Bitcoin’s price titters at the $80,000 psychological level ahead of the U.S. Federal Reserve’s interest rate decision. Following a short uptick of 0.07%, the global cryptocurrency market cap reaches $2.69 trillion as traders remain cautious of risk assets and follow a “wait-and-see” approach. Crypto Market Awaits FED Decision and Warsh Speech Within a week, the Bitcoin price dropped from $84,000 to $80,000, registering a loss of 4.74%. The pullback was triggered by a sell-off in U.S. technology stocks, renewed geopolitical tensions, and a wave of liquidation in crypto derivatives markets.